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now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might change next year but i don't i don't think so and loose with what about the polarization let's say in france right now after the election because the sitting president is not very popular right now. it's complicated because you you get a kind of windshield wiper effect in france you get one we can which the president sporty and the president himself are doing extremely badly for instance you have the steel works. with mr lakshmi mittal the fact that basically the president and the prime minister the minister for industry all had different theories about what to do and how to try and keep jobs int
now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might...
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all right let's wrap up with loose change dimitri with a fiscal cliff negotiations continuing one thing that we hear about relentlessly is taxing the rich. the rich pay as a percentage of their income less than the middle class does we have a tax system that needs entire overhaul and he made clear that the rich must pay their fair share meeting taxes will go up to the top two percent who would talk with no one talk about reform just tax the rich more ok well a new study is being written about today it came out of germany and some economists found that there is a correlation between higher taxes and higher life satisfaction or subjective well being from what i understand the dimitri they kind of try to weigh trying to find a way to make an income. not a factor so just generally like taxation with correlated with better wellbeing but some of the things within a study that i was reading where that the lower percentage on the lower scale of income they were happier paying taxes because they get more out of their taxes in terms of services so what it was the people in the middle lower the lo
all right let's wrap up with loose change dimitri with a fiscal cliff negotiations continuing one thing that we hear about relentlessly is taxing the rich. the rich pay as a percentage of their income less than the middle class does we have a tax system that needs entire overhaul and he made clear that the rich must pay their fair share meeting taxes will go up to the top two percent who would talk with no one talk about reform just tax the rich more ok well a new study is being written about...
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well actually i do care very much about the state going off the fiscal cliff i hope that. and does it because then the rest of us can get on with creating the kind of things you just mentioned and you know i chose three examples peer to peer examples. in what i kind of view as the new frontier going to mention the two hundred year bull market here in the united states well. you know. it started at. the frontier you know the united states was the frontier it was when it was where paranoid people came you know for gold. and then they fled here. from paranoia people are still here but you know just because you're paranoid doesn't mean they're they're not. so this new frontier of you know peer to peer currency or crowdfunding. you know what have you this is where i think people are actually going to be making a difference in the future are going to be are going to be fleeing to just quickly with something like that coin though when you don't have a government that can force taxation how does something like that have value and you just have thirty seconds to to really expound o
well actually i do care very much about the state going off the fiscal cliff i hope that. and does it because then the rest of us can get on with creating the kind of things you just mentioned and you know i chose three examples peer to peer examples. in what i kind of view as the new frontier going to mention the two hundred year bull market here in the united states well. you know. it started at. the frontier you know the united states was the frontier it was when it was where paranoid people...
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basically deal in sight on avoiding the fiscal cliff and of course because of christmas we have volumes around seventy five percent lower than usual all right a short christmas eve session in london and the markets were actually shut in frankfurt the footsie as you can see is slightly up around a quarter of a percentage point and it's driven by minor stocks like the down to resources which is gaining around two percent and in moscow there was also very little activity on the markets which are preparing for hibernation or partying whatever you call it during the long jan your holidays are flat and mixed and of the day as you can see is burbank and lukoil some of the biggest losers losing more than one percent on the my sex or i that's it from the business team for now we wish you of course very merry christmas so you can find more fresh stories and interviews that are to dot com for slash business and a few minutes what charities exclusive interview with russia's foreign minister. looters that takes your breath away few tourists travel to these paul it's no prepackaged comfort but the jo
basically deal in sight on avoiding the fiscal cliff and of course because of christmas we have volumes around seventy five percent lower than usual all right a short christmas eve session in london and the markets were actually shut in frankfurt the footsie as you can see is slightly up around a quarter of a percentage point and it's driven by minor stocks like the down to resources which is gaining around two percent and in moscow there was also very little activity on the markets which are...
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as the united states moves closer to the fiscal cliff with congress and the president still struggling to find common ground. dives deeper into conflict we take a look at the key developments in the civil war over the last year that's. a bit later this hour. for a growing number of wealthy britons plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere more than a fifth of the country's millionaires are considering emigrating that's according to a recent survey by lloyd's international bank. explains what exactly is making the rich back up their luxury. blame the dismal weather that's reportedly the overwhelming reason for why one in five british million as a considering upping sticks and leaving the country now those reasons are followed closely by the high rate of crime in the u.k. and antisocial behavior and then another reason why they might want to leave is the high cost of living here in the u.k. and only in fourth place to my why they might might want to leave is the high rate of personal taxation now where are they going well top of the
as the united states moves closer to the fiscal cliff with congress and the president still struggling to find common ground. dives deeper into conflict we take a look at the key developments in the civil war over the last year that's. a bit later this hour. for a growing number of wealthy britons plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere more than a fifth of the country's millionaires are considering emigrating that's according to a...
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now the clock ticking for the us where negotiations in avoiding the so-called fiscal cliff again produced no result this of republicans democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on journey the first another round of talks a shuttle for saturday and barack obama's already considering an emergency bill for low earners and the unemployed if agree with isn't reached before deadline. six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died and all spittal if convicted all could now face the death penalty the case sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger while demanding extreme measures to keep the streets safe. and i am actually on the big news from us tonight that story that developed earlier on this evening four people including the captain have been killed after a passenger plane crashed into the side of one of
now the clock ticking for the us where negotiations in avoiding the so-called fiscal cliff again produced no result this of republicans democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on journey the first another round of talks a shuttle for saturday and barack obama's already considering an emergency bill for low earners and the unemployed if agree with isn't reached before deadline. six men...
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it sounds like so many issues are just going in circles guns campaign finance reform the fiscal cliff where does that stop tom. i think it stops in revolution and i don't mean that in the violence. but i think you know more like the reagan presidency was a revolution the the f.d.r. presidency was a revolution. major shift in the way that the united states looks at things basically what we've done is we've gone back to the one nine hundred twenty s. in the united states we're back to the reign of the oligarchy plutocrats in this country and eventually that system crashed on on itself in twenty nine and we came we woke up and we came out of it in the thirty's i frankly believe that that's the cycle that we're going to see over the next few years here in the united states played out again. and just briefly tom of course you hosted the third party debates it would seem insane that are to you would have to host them tell us a little bit more just briefly about why that's the case and why most americans when i went home this last month didn't even know there were any third parties. well i t
it sounds like so many issues are just going in circles guns campaign finance reform the fiscal cliff where does that stop tom. i think it stops in revolution and i don't mean that in the violence. but i think you know more like the reagan presidency was a revolution the the f.d.r. presidency was a revolution. major shift in the way that the united states looks at things basically what we've done is we've gone back to the one nine hundred twenty s. in the united states we're back to the reign...
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cliff what's going to maine for the average american the american people right now left with them they will raise with us congress. even though obama managed to get reelected very quickly right now in any way with the poor with the rapidly declining even his own little bank right now it creates right in here. so we have really no flowery in the country we are working with here i'm with you but wouldn't a democrat stand out going against the against the grain but you know the leadership is not there briefly a ten seconds lawrence if you can is america likely to head into another recession now absolutely we haven't gotten out of this we've got him in the right way him. or not he supported by both democrats will be growing the u.s. economy everything you're doing there we're in we're in for a rough year mark you'll be back to talk to us about it no doubt lawrence freeman thank you editor at the executive intelligence review magazine much appreciated good night ok now let's take a look at our twenty twelve all unfolded for america last year it was a success for barack obama some would say
cliff what's going to maine for the average american the american people right now left with them they will raise with us congress. even though obama managed to get reelected very quickly right now in any way with the poor with the rapidly declining even his own little bank right now it creates right in here. so we have really no flowery in the country we are working with here i'm with you but wouldn't a democrat stand out going against the against the grain but you know the leadership is not...
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cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. if he's gone if you can reporting right now while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through charlie mcgrath from wide awake news explains what can the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is to keep this massive government rolling and you can make social interest influences in washington d.c. for that when the cameras are own you know if they're on the red team they're going out there saying it's the welfare folks as well that's the people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about their corporate interests and that this is why we can
cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. if he's gone if you can reporting right now while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through charlie mcgrath from wide awake news explains what can the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will...
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economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and we're going to get aggressively to change the whole twenty fifth i'm sure that with legal separation of the banks and now we need some of the there are these where this bill is passed today or tomorrow obama is live we nothing good we people with. and now let's take a look at how two thousand and twelve on the whole unfolded for america last year was a success for barack obama who secured his second u.s. presidency a washington correspondent says he not only succeeded in snatching victory from arch rival mitt romney but also votes from the third party candidates as well. there
economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and...
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cliff we've been talking about it obama is going to address it in some hours but for now though make a lot of how well i will get to pepe escobar now you know if she still do that newscast we can go to pepe escobar one of our favor of correspondents and we've been. always a lovely smart happy new year everyone here would have been anywhere you always seem to see where it is peppy always joins us from a different thing and we're united when i'm to that it looks very new where are you belong i. think there is something about it somewhere there he is you know what i ask if it's cards is not but it isn't kofi and i couldn't solve it the olds are stacked against his replacement with like me were of course talking about all the terrible problems in syria where is it going to go twenty thirty now. look it's so sad because it's very sad to see to everybody all over the world that the top geopolitical tragedy of two thousand and thirteen is going to be the top geopolitical tragedy of two thousand and eleven the rape of syria i'm going to tell you something it's very graphic in fact a few mont
cliff we've been talking about it obama is going to address it in some hours but for now though make a lot of how well i will get to pepe escobar now you know if she still do that newscast we can go to pepe escobar one of our favor of correspondents and we've been. always a lovely smart happy new year everyone here would have been anywhere you always seem to see where it is peppy always joins us from a different thing and we're united when i'm to that it looks very new where are you belong i....
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well for weeks now we've heard of the looming fiscal cliff and what it can mean for our taxes and our military essentially the cliff is a mix of expiring budget and tax laws plus spending cuts that will go into effect if congress fails to act and yes economists agree that going over this proverbial fiscal cliff could very much launch the u.s. into a congressional mandated recession we know that americans are worried about their own finances but here's a story of how the threat of a fiscal cliff is already affecting the county the country in unexpected ways deep budget cuts across the country have forced the hand of organ county jails which had to release thirty inmates because it couldn't afford to board them and here's the kicker according to the associated press less than an hour after one of these low level offenders walked out authorities say he was demanding a bank teller to hand over money he stuffed up the bank but the story doesn't end there because the steady reduction of federal subsidies there are because of these this federal reduction there are fewer big jail beds sheriff
well for weeks now we've heard of the looming fiscal cliff and what it can mean for our taxes and our military essentially the cliff is a mix of expiring budget and tax laws plus spending cuts that will go into effect if congress fails to act and yes economists agree that going over this proverbial fiscal cliff could very much launch the u.s. into a congressional mandated recession we know that americans are worried about their own finances but here's a story of how the threat of a fiscal cliff...